After the Interview - Pay Rate & Salary Overview
After you have gone through the interview process, the potential employer will contact you if they want to hire you. When they offer you a job, they will usually tell you how much money they can offer you.
Depending on the job and depending on the way the company is structured, your potential employer will tell you that you can earn a certain amount of money per hour or a certain annual salary. Typically, they will have already told you the pay rates or salary range for the position you were applying for before or during the interview. 
There are two ways of being paid—the company decides how you will be paid. You might be paid based on an hourly rate or you may be given a salary.
-
 |
Taxes are generally taken out of your salary or pay check. When budgeting your money, realize that you will likely not see all of the money you earn because some of it will go to federal and state taxes. |
An hourly rate means that you are paid for each hour you work. Another word for rate is "wage." Let’s say you work 20 hours per week. You will be paid for those 20 hours, but no more. Examples of an hourly rate may be $8 per hour or $25 per hour. You may receive your pay check at the end of each day, at the end of a work week, every 2 weeks, or once a month.
- A salary means that you get paid one lump sum that is spread out across the entire year. Examples of an annual salary may be $50,000 per year or $36,000 per year. In most cases, your salary is divided up and given to you throughout the year- generally every 2 weeks or once per month.
- Education level: What is the highest degree you have earned? A high school degree, associate degree, college degree, or graduate degree? Generally, the higher degree you have, the more money you will make. However, this is not always the case. It depends on the job.
- Skills: Do I have specialized knowledge and skills acquired through work and academic training that are directly related to this job? Generally, the more skills you bring to the job, the more money you may earn. However, this is not always the case. It depends on the job.
- Experience: Do I have months / years of experience working in a similar job? Generally, the more experience you have, the more money you may make. Again, this is not always the case. It depends on the job.
- Type of job: What type of job am I applying for? An entry level job? An upper level job? Generally, entry level jobs don’t earn as much money as upper level jobs. In addition, certain fields or job types pay more than others. For example, someone working in business may earn more money than someone working in education.
|
 |
There are two ways of being paid: You might be paid based on an hourly rate or you may be given a salary.
An hourly rate means that you are paid for each hour you work.
A salary means that you get paid one lump sum that is spread out across the entire year.
Salary and pay rate are generally determined by the following factors:
- Your education level.
- Your skills as they relate to the job.
- Your work experience as it relates to the job.
- Type of job.
|
